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European Commission is conducting an unannounced inspection at UPM's premises

HELSINKI (News release) -- European Commission's competition authorities have today started an unannounced inspection at UPM's premises. The Commission has concerns that the inspected companies in the wood pulp sector may have violated EU antitrust rules that prohibit cartels and restrictive business practices. The press release by the Commission is attached to this release.

At this stage, UPM does not have information on the outcome of the inspection. UPM supports the Commission in its investigation but cannot comment any further on the ongoing investigation.

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